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February 23, 2025

Business Articles

Government appoints directors for Mutapa Investment Fund

Tafadzwa Nyikadzino Government has appointed the board of directors to manage the Mutapa Investment Fund, which will be chaired by former Telone CEO, Chipo Mutasa. In a statement released by Treasury, President Mnangagwa appointed a board of seven people comprising of...

RBZ slashes Interest rates to match changing global dynamics

Ashley Masakadza THE Reserve Bank of Zimbabwe(RBZ) has slashed interest rates from 150 percent to 130 percent per annum in response to changing local and global dynamics. The development, which was announced in yesterday’s Monetary Policy Statement is expected to...

Zim-Zambia’s 5 Billion Dollar Hydro Power Project On Hold as UNESCO denies approving it

ASHLEY MASAKADZA The much awaited $5 Billion dollar Hydropower joint project between Zimbabwe and Zambia is still on hold, after UNESCO revealed that it has not yet approved it to commence due to the environmental threats which it poses to the Batoka Gorge in Victoria...

Tanzania opens TPA office in  Zimbabwe to simplify the importation process

Vongai Masuka Tanzania has opened the Tanzania Ports Authority (TPA) office in Zimbabwe to simplify the importation of cars and other goods between the two countries. The opening of the new office is also set to reduce the distance and time needed to access goods....
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